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ShaMaran Petroleum (CVE:SNM) Shares Cross Below Fifty Day Moving Average - Time to Sell?

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.19 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.19, with a volume of 22,380 shares changing hands.

ShaMaran Petroleum Stock Performance

The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07. The company has a market capitalization of C$360.19 million, a PE ratio of 4.90 and a beta of 1.14. The firm's fifty day simple moving average is C$0.19 and its 200 day simple moving average is C$0.17.

ShaMaran Petroleum Company Profile

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ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.

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